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Strategies & Market Trends : Gersh's Option trades
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To: William H Huebl who wrote (590)10/7/2005 9:24:29 AM
From: kaka  Read Replies (1) of 652
 
William,

So are you now long 10 AKX-MI instead of 10 AXP-MI with the same dilemma?

In any case, I've never outright purchased put contacts unless they were part of a hedging strategy, nor is AXP an underlying I follow. As you know, selling a put is directional, but the max you can lose is your initial put cost. I usually don't make adjustments until 4-10 days prior to expiration... with your long OTM puts there is enough time for a stock price reversal, so I wouldn't touch them now.

cheers,
kaka
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